Stonebridge is pleased to present ’99 Bikes Success (Perth)’ for sale via National Portfolio Auction on Friday 31 October at 11am (AEDT).

The asset has the following key investment features:

– Brand new 4 year lease to 2029 plus further options to 2049 with CPI annual rent increases

– 99 Bikes (Pedal Group) – Australia’s number one bicycle retailer, a wholly owned subsidiary of Pedal Group and backed by ASX listed Flight Centre, boasting a network of 75+ stores globally

– Prominent corner position within a bustling 6,486 sqm* retail complex, offering convenient rear access and 89 car parks

– Strategic retail position just 1.5km* from the Cockburn Gateway, boasting 144+ stores, anchored by Coles, Woolworths & Aldi

– Highly convenient and accessible location along Beeliar Drive, exposed to over 28,100+ vehicles daily

– Perth – Australia’s 4th most populous city with population set to reach 3.5m* by 2050, bolstered by Western Australia’s booming $404Bn GDP

– Estimated Net Income $108,099 pa* + GST

‘99 Bikes Success (Perth)’ is for sale via National Portfolio Auction on Friday 31 October at 11am (AEDT).

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Our Ref: Large Format Retail, National Portfolio

Property Code: 1466